The recent bill on the management of digital currency transactions in the Republic of Uzbekistan came into effect. According to the Act, a digital currency exchange in Uzbekistan can only be licensed by legal persons from other countries. The legal capital must reach US$706,000 and must cooperate with the government to combat terrorism and money laundering. At the same time, the document stipulates that the activities of the encryption tool are not subject to the securities market regulations. The income of the digital currency exchange is also not subject to tax.
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